2009 Senate Bill 493 ↩

House Roll Call 537: Passed

To expand and revise details of the refundable tax credits (cash subsidies) for “anchor” companies. In addition to other revisions, the bill would allow "anchor" companies to claim tax breaks on the basis of supplier or customer companies payrolls. This refers to a <a href="http://www.michiganvotes.org/2008-SB-1115">2008 law</a> that granted “refundable” tax credits (cash subsidies) to certain high technology businesses designated as “anchor companies.” The credit is based on the payroll attributed to other companies that locate in Michigan because of the "anchor company's" high tech processes or products.